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Centralized Purchasing System – Key Benefits and Effective Strategies

Precoro

For most CPOs and CFOs, deciding on the right purchasing setup — centralized or decentralized — is no small task. In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it.

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Purchase Price Variance (PPV)! A Profit or Loss Opportunity?

Supply Chain Game Changer

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. What is Purchase Price Variance (PPV)?

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What is a Sourcing Agency and How does it work?

SCMDOJO

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

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The State of the Trucking Market in 2021

GlobalTranz

Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Increasing fuel costs also play into the available capacity woes.?

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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

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It’s Not About Chatbots: Getting Real on AI Usage In Real Life Logistics (AI Popup #5)

Freightos

And if the user has to enter the same data into a chatbot that they would enter into a pricing tool to generate a quote, then they’ll just use the pricing tool. The existing products in this area are priced competitively in relation to labor costs in developed countries. The model would be trained on our own customer data.

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Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries. Furthermore, this allows management to identify areas of strength and areas that require improvement, enabling targeted training and development initiatives.